All I can think about is how all of this destruction will make NYC so much richer according to Paul Krugman.
How soon before some very ill-educated journalist writes a story about the economic benefits of Sandy? I give it less than a week.
For the original argument against the broken window fallacy, see Bastiat’s classic “What Is Seen and What Is Not Seen” here.
And here is a nice video from Art Carden on it:
HT: My main man on the Main Line.